WTI CRUDE OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	WBS
ISIN:

WTI CRUDE OIL - 15 min. - Technical analysis published on 05/03/2024 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 79.76 USD

My targets

79.09 USD (-0.09%)

78.27 USD (-1.12%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WTI CRUDE OIL. As long as you are under the resistance located at 79.76 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 79.09 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 78.27 USD as an objective. Crossing it would then enable sellers to target 77.60 USD. If the resistance 79.76 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

4.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

WTI CRUDE OIL rating 79.16 USD. On the day, this instrument gained +0.27% with the lowest point at 78.80 USD and the highest point at 79.39 USD. The deviation from the price is +0.46% for the low point and -0.29% for the high point.

78.80

79.39

79.16

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.52	75.27	78.55	79.16	79.90	80.86	81.56
Change (%)	-13.44%	-4.91%	-0.77%	-	+0.93%	+2.15%	+3.03%
Change	-10.64	-3.89	-0.61	-	+0.74	+1.70	+2.40
Level	Major	Intermediate	Major	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.78	77.60	78.27	79.09	79.76	80.58	81.25
Camarilla	78.54	78.68	78.81	78.95	79.09	79.22	79.36
Woodie	76.72	77.56	78.21	79.05	79.70	80.54	81.19
Fibonacci	77.60	78.17	78.52	79.09	79.66	80.01	80.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.79	79.24	81.55	83.00	85.31	86.76	89.07
Camarilla	82.82	83.16	83.51	83.85	84.20	84.54	84.88
Woodie	78.21	79.46	81.97	83.22	85.73	86.98	89.49
Fibonacci	79.24	80.68	81.57	83.00	84.44	85.33	86.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.68	73.75	76.38	81.45	84.08	89.15	91.78
Camarilla	76.88	77.59	78.29	79.00	79.71	80.41	81.12
Woodie	67.45	73.14	75.15	80.84	82.85	88.54	90.55
Fibonacci	73.75	76.70	78.51	81.45	84.40	86.21	89.15

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	33.64
MACD (12,26,9):	-0.0700
Directional Movement:	-14.99
AROON (14):	-71.43
DEMA (21):	79.03
Parabolic SAR (0,02-0,02-0,2):	79.24
Elder Ray (13):	-0.21
Super Trend (3,10):	79.33
Zig ZAG (10):	78.87
VORTEX (21):	0.8900
Stochastique (14,3,5):	12.62
TEMA (21):	78.94
Williams %R (14):	-88.14
Chande Momentum Oscillator (20):	-0.37
Repulse (5,40,3):	-0.1400
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.53

MA7:	81.26
MA20:	82.67
MA50:	80.68
MA100:	76.15
MAexp7:	78.98
MAexp20:	79.09
MAexp50:	79.14
MAexp100:	79.24
Price / MA7:	-2.58%
Price / MA20:	-4.25%
Price / MA50:	-1.88%
Price / MA100:	+3.95%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.03%
Price / MAexp100:	-0.10%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15128

Number of analyses :

75465

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…